Honduras

Honduras faces high vulnerability as a 100% oil importer, with current gasoline prices at $1.28/L and only 22 days of reserves, threatening economic stability. The country's complete reliance on imported oil means it directly bears the brunt of elevated Brent crude prices, exacerbated by a 62% increase in fertilizer costs impacting food security. While not directly exposed to the Strait of Hormuz, the global supply crunch severely strains its economy. Without significant external support or price stabilization, Honduras is likely to experience continued economic pressure and potential social unrest in the coming weeks.